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EDITORIAL

Opec's glory days as an effective cartel are well and truly over

Wednesday, April 20, 2016 - 05:50

EXPECTATIONS were running high prior to the meeting of the Organization of the Petroleum Exporting Countries (Opec) held in Doha over the weekend. In the run-up to the gathering, oil prices had climbed from a 12-year low of under US$30 a barrel in January to around US$45 a barrel last week.

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